FYI: I FEAR I AM GROWING WEALTHY at my children’s expense. My investing life began in the late 1980s. Yes, there have been stock market bumps since then, notably the 2000-02 and 2007-09 market crashes, and even a minor hiccup over the past week. But if you look at the broad trend, it’s been three decades of rising stock market valuations.
From year-end 1987 to year-end 2017, the S&P 500’s price-earnings multiple climbed from 13.8 to 24.6, its cyclically adjusted price-earnings ratio jumped from 13.4 to 32.3 and its dividend yield declined from 3.7% to 1.8%.
Regards,
Ted
http://www.humbledollar.com/2018/02/think-of-the-children/
